Worked in Australia? Now is the time to file your tax return in Australia for 2018!
The Australian tax year ended on 30 June, and anyone who worked there in 2018 must now file an annual tax return in Australia.
Your tax return allows you to declare your earnings and any tax paid during the financial year. Oh, and you can also use it to claim a tax refund!
Australian tax deadline
The deadline to submit your tax return in Australia to the ATO (Australian Tax Office) is 31 October. However, the earlier you file the better — because you might be owed tax back!
If you use a registered tax agent like Taxback.com to help with your tax return, you can file after this tax deadline.
How to file your tax return in Australia
Tax in Australia
The amount of tax you pay in Australia depends on your residency status for tax purposes. For the first six months you are treated as a foreign citizen, regardless of your visa status.
Foreign residents in Australia are subject to a higher tax rate on their income and aren’t entitled to the tax-free threshold. This means you will pay tax on every single dollar you earn.
However, the good news is that if you become a resident for tax purposes you could be due a tax refund!
Getting your Australian tax back
If you stay in Australia for more than 183 days, you will likely be deemed a resident for tax purposes, which will completely change your tax position.
Australian residents for tax purposes pay tax at a lower rate and qualify for the tax-free threshold of $18,200 (2018/19). Once you become a resident for tax purposes, you may be due a refund of the higher foreign resident tax you paid in your first six months in Australia.
The amount of tax you may get back depends on a variety of factors, and the ATO has the final say. However, most foreign workers in Australia get a nice bit of cash if they complete their tax returns accurately.
- Keep your summary of earnings/PAYGs.
- Check if you can claim on work-related expenses (for example: vehicle and travel expenses, tools and equipment expenses, courses, self-education expenses, etc.)
- File as early as possible!
- Look for help. If you don’t want to go it alone, use a tax preparer such as Taxback.com.
- Apply for your superannuation when you leave Australia.
Taxback.com has been getting tax back for people from across the world for 20 years.
Try their online tax calculator here to get a free, no-strings-attached refund estimate. Then, if you like what you see, you can decide if you would like to apply.